Average Period of Payment to Suppliers

Act 31/2014, of 3 December, amending Act 15/2010, of 5 July (which amended Act 3/2004, of 29 December, establishing measures to combat late payment in commercial transactions), requires that mercantile companies expressly disclose, in their notes to financial statements and on their website, the average time lag in payments to suppliers. The required disclosures as of 31 December 2016 are as follows: